Superloop (SLC) H1 2026 earnings summary

Executive summary

• Achieved record first half FY2026 results with revenue up 23% to $317.6m, underlying EBITDA up 46% to $55.8m, and net profit after tax of $5.1m, driven by organic customer additions and operational leverage.

• Added 74,000 new customers, increasing total to 805,000, and grew NBN market share to 7%.

• Announced acquisition of Lightning Broadband for $165m, accelerating Smart Communities strategy and expanding FTTP footprint.

• Upgraded full-year underlying EBITDA guidance to $112m–$120m, reflecting confidence in continued momentum.

• Concluded first half of Double Down strategy, aiming to double business size by FY26 through organic and inorganic growth.

Financial highlights

• Revenue rose 23.3% year-on-year to $317.6m, with consumer revenue up 29%, wholesale up 28%, and business up 4%.

• Underlying EBITDA increased 46% to $55.8m, with margin up 2.7 percentage points to 17.6%.

• Net profit after tax reached $5.1m, a $12.9m improvement year-on-year, reversing a prior loss.

• Free cash flow more than doubled to $32.2m, with gross operating cash flow conversion at 96%.

• Group gross margin steady at 35.2%, with gross margin up $23.9m to $111.9m.

Outlook and guidance

• Upgraded FY2026 underlying EBITDA guidance to $112m–$120m, representing 21–30% growth over FY2025.

• Capex guidance unchanged at $32m–$35m, excluding Lightning Broadband and IRU renewal.

• Lightning Broadband expected to generate $11m EBITDA in FY2027, with $5m annualized synergies targeted within three years.

• On track to achieve $700m revenue run-rate and mid-to-high teens EBITDA margin by June 2026.

• First comprehensive Sustainability Report aligned with AASB S2 to be presented with FY26 audited statements.